Business Intelligence on Retailing, Franchising, and Consumerism in China

L'Occitane's Performance In China Leads Global Sales Growth

L'Occitane, international retailer of body, face, fragrances and home products based in Manosque, France, published its sales performance for the first quarter of the 2016 financial year, stating that by June 30, 2015, the company's net sales were EUR275 million during the three-month period, representing a year-on-year increase of 17.5%.

The company revealed that China, Brazil, and Russia saw the highest sales growth; however, its retail sales growth in Hong Kong decreased by 5.6%.

L'Occitane's net sales increase was mainly contributed by China, Japan, France, and Brazil. At the same time, China, Brazil, Russia, and France were the fastest growing markets and their growth rates were 26%, 15.2%, 12.7%, and 12.4%, respectively, based on calculations with a fixed exchange rate.

L'Occitane also showed its attention to the Chinese market by opening new stores. During the reporting period, the company launched 27 new stores around the world, including eight in China, which was the most among all markets. The Japanese market ranked second with four new stores and Brazil ranked third with two.

L'Occitane continued to grow in the Chinese market over the past few years. In the 2013 financial year, the company's sales growth rate was 51.9% in China and in 2015 financial year, the number was 20.1%.

Image Credit: Emka74

Be the first to comment on "L'Occitane's Performance In China Leads Global Sales Growth"

Leave a comment

Your email address will not be published.


  Other China News

AutoNavi, Delphi Reach Deal

Hisense's Net Profit Down 47.39% In First Three Quarters Of 2017

Airbnb China Head Resigns

DMG To Buy China Rights Of Forbes Brand


Chinese Electric Bus Manufacturer Lands USA Deal

American Electric Car Manufacturer To Build In China

U.S. Clean Water Company Makes Chinese Inroads

GE Will Promote Wind Power Through New Chinese Education Center

JD To Build Global Logistics Headquarters In Xi'an

Wumart, AGS Sign Agreement For Seafood Direct Procurement

India Gains Second Factory From China's Xiaomi

85% of Indian Staff To Lose Jobs At China's LeEco